Chrome Consultants

International Payments – Principles, Practices & Current Developments

Program description & objectives

The International Payments course is highly practical and has been tailored for banking professionals who have experience in domestic payments and want to expand their knowledge of international payments. The course will explore the key principles, concepts, practices and current developments in international payments. Delegates will learn about foreign exchange and currency, high-value global payments, the purpose and role of SWIFT and CLS, global clearing and settlement mechanisms, liquidity management, international trade facilitation, risk management, and legal and regulatory issues.

Objectives

  • Gain the practical knowledge of all key processes and concepts in international payments
  • Learn about the various stages of low and high-value payment process
  • Understand the role and functioning of SWIFT and CLS
  • Get to grips with foreign exchange and currency principles
  • Explore the mechanisms in clearing and settlement
  • Learn about liquidity management principles
  • Gain the tools for managing all risks involved
  • Understand the legal and regulatory frameworks
  • Explore the current market trends and challenges

Venues, Dates & Cost

VenuesDublinLondonDubaiEdmonton (CAN)Lagos/Abuja
DatesTBDTBDTBDTBDTBD
Cost$3,900 per participant (USD)(=N=)

For Whom

  • Regulators of Maritime & relevant government agencies
  • Financial Institutions with Export and Import Departments
  • Bankers on Maritime Desks
  • Shipping Agents & Shippers
  • International Traders and Practitioners
  • Central banks
  • Commercial banks
  • Investment banks
  • Foreign Exchange Dealers
  • Brokerage companies

Snapshot of course content

  • Characteristics of International Payments
    • The payment process
    • Low-value global payments
    • International ACH – Automatic Clearance Services
    • Legal payments structures in the US and worldwide
  • Compliance & Regulatory Framework
    • Financial Action Task Force (FATF)
    • Anti-money laundering
    • Advanced Legal and Regulatory issues
  • High-Value Global Payments
    • TARGET 2 and CHIPS
    • Foreign Exchange settlement in detail
    • Workers’ remittances
  • Global Clearing and Settlement Systems
    • The role and purpose of SWIFT
    • The purpose and role of CLS
    • Managing risks in International Payments
    • Managing FX risks
  • Alternative & Informal Systems
    • Hawala – Alternative international payment system
    • Challenges for corporates in international payments
  • Forward Looking
    • Current and future trends in international payments